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- After decades of expansion, the nation’s largest drugstore chains are closing hundreds of stores as they reorient their operations against rising competition, a crush of opioid lawsuits and other forces — turning many already vulnerable communities into pharmacy deserts.www.washingtonpost.com/business/2023/10/22/drugstore-close-pharmacy-dese…
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WEBSep 27, 2023 · Already drowning in $3.3 billion in debt and facing pending opioid-related lawsuit settlements, Rite Aid RAD 0.0%, the nation’s third-ranked pharmacy chain behind CVS and Walgreens, is...
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WEBOct 18, 2023 · Rite Aid customers in Los Angeles, Orange and Ventura counties are losing neighborhood stores, among 154 locations in 15 states that the pharmacy chain is shutting down as part of its...
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WEBNov 19, 2021 · NEW YORK -- CVS Health is closing 900 stores over the next three years, amounting to nearly 10% of its footprint, in response to the changing of "consumer buying patterns."
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WEBJun 30, 2024 · CVS, the largest US chain, closed 244 stores between 2018 and 2020. In 2021, it announced plans to close 900 stores. And Rite Aid filed for bankruptcy last year and will close up to 500 stores.
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